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Weekly Market Update Coralville July 26, 2010: Includes Homes Sold, Homes Under Contract & Current Listings
Weekly real estate market update Coralville July 26, 2010: Includes homes sold, homes under contract and current listings.
256 Active Listings26 Homes Under Contract6 Homes Sold July 19 - July 24, 2010I use a simple method to calculate the absorption rate/days on market that doesn't manipulate the data. According to that calculation we have 9.4 months of inventory on the market, that's 285 days on market. MLS data has it at 138, making it appear a little better. Either way it's going to take us a while to work through all the inventory in the Coralville market so we probably won't see any major changes in the near term.So what does all this mean if you're thinking of buying a home in Coralville? No change really. We've been saying it for a while now. It's a great market to buy a home. The winning combination of more homes than buyers in the market place + historically low interest rates means opportunities for Buyers. For sellers it's a different story. We have a price driven market and buyers are looking for deals. They're also looking for shiny pennies. The winning combination for you is to price your home right ... more
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